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Opinion

Labor’s Landmark Tax Reversals Are Welcome, but Budget Deficits Now Look Enshrined

Labor’s Landmark Tax Reversals Are Welcome, but Budget Deficits Now Look Enshrined
Australian Opposition leader Anthony Albanese speaks to the media during a press conference at Parliament House in Canberra, on July 16, 2021. Lukas Coch/AAP Image
Robert Carling
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Commentary

Sidelined by this week’s news of gold medals in Tokyo, and an expanding COVID-19 outbreak in Sydney, was the Australian Labor Party’s announcement they would no longer look at proposed tax increases if successful in next year’s bid for government.

Robert Carling
Robert Carling
Author
Economist Robert Carling is a senior fellow at the Centre for Independent Studies in Sydney, Australia. He was executive director at the New South Wales Treasury from 1998 to 2006, and has held positions with the Commonwealth Treasury, the World Bank, and the International Monetary Fund.
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